The History of the Business Corporation in the United States Previous to 1860 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 Excerpt: ...Debates and Proceedings, 1849, p. l10. 42. Michigan, Debates and Proceedings, 1850, p. 580. 43. Ohio, Debates and Proceedings, l850-l85l, vol.1, p. 345. 44. Provisions apparently borrowed from Hew York, but there is little discussion. 45. Minnesota, Debates and Proceedings, 1857, p. 332. 46. Iowa, Debates of the Constitutional Convention, 1857, vol.1, p. 107. 47. In many instances, as was the case in the v/isoonsin and Iowa conventions, the Hew York was severely criticized by s some leaders. 48. Journal, V/isconsin Convention, l848, p. 475. Ibid., p. 513. Kilbourn, a delegate with large railroad interests, was the only one.ho voted against the clause providing for general incorporrtions. The vote was 65 to 1. 49. Illinois, State Register, 1847, July 8th. soroe requirement for a general law, although it was held that 50 this law would not he practical for all forms of corporation. Mies in the Indiana convention of l850 contended that the general law favored the man of small means by assisting him to associated effort. He felt that, "Everyman's hand had been raised against his neighhor, and every man had been for himself, against all others, too much and too long already. Corporations are hut associations organized to effect lawful and useful objects which could not or would not he accomplished by individuals. Ohio, a state that had previous to its convention in l850 experienced many difficulties because of the mis-use of charters and lack of uniformity in charter provisions, sent delegates to its convention who were intensely interested in the corporation question. There was a rather general expression of disapproval 52 of the special law, but it was also felt that certain corporations such as plank-roads, and railroads, could not he properly 53 regulate...